s**********n
发帖数: 868 | 1 Background: Berkshire is offering $100 per share for BNSF shareholders for
the mega-merger. 40% of the amount will be paid with BRK.A/BRK.B shares. The
conversion ratio will be determined by the volumn-weighted trading price of
BRK.A shares within a ten-trading-day period prior to the close day of the
merger.
Facts:
1. BNSF is holding the shareholder's voting for approving the merger on Feb.
11, but we did not know what date exactly the merger will be closed (except
in first quarter).
2. In Jan. |
f**d
发帖数: 2494 | |
m******t
发帖数: 2416 | 3 Well all this is on the table by the BNSF voting, so
if there are enough shareholders feeling they got screwed
over, their won't be a merger. Otherwise, it's just life
for you.
IANAL, but as far as legality is concerned, I think
you'll need to be able to prove that Birkshire did
attempt to pump up the price on purpose.
The
of
the
Feb.
except
【在 s**********n 的大作中提到】
: Background: Berkshire is offering $100 per share for BNSF shareholders for
: the mega-merger. 40% of the amount will be paid with BRK.A/BRK.B shares. The
: conversion ratio will be determined by the volumn-weighted trading price of
: BRK.A shares within a ten-trading-day period prior to the close day of the
: merger.
: Facts:
: 1. BNSF is holding the shareholder's voting for approving the merger on Feb.
: 11, but we did not know what date exactly the merger will be closed (except
: in first quarter).
: 2. In Jan.
|
n******n
发帖数: 12088 | 4 没看懂。怎么一会儿A，一会儿B的？这两个之间有套利交易吗？好像投票权不一样吧。
The
of
the
Feb.
except
【在 s**********n 的大作中提到】
: Background: Berkshire is offering $100 per share for BNSF shareholders for
: the mega-merger. 40% of the amount will be paid with BRK.A/BRK.B shares. The
: conversion ratio will be determined by the volumn-weighted trading price of
: BRK.A shares within a ten-trading-day period prior to the close day of the
: merger.
: Facts:
: 1. BNSF is holding the shareholder's voting for approving the merger on Feb.
: 11, but we did not know what date exactly the merger will be closed (except
: in first quarter).
: 2. In Jan.
|
s**********n
发帖数: 868 | 5 Yes you are right. The conversion ratio will be set on table on Feb.11
voting, w
hich is a good thing. But I think it mostly likely will go through since it'
s still a fair deal overall. I don't know if they can possibly discuss a new
closing date if they don't approve immediately.
Personally I don't believe Buffett would do anything clearly illegal, but
this form of share exchange does provide a lot of room for manipulation, and
some of them may be legal. At least least he can legally set the c
【在 m******t 的大作中提到】
: Well all this is on the table by the BNSF voting, so
: if there are enough shareholders feeling they got screwed
: over, their won't be a merger. Otherwise, it's just life
: for you.
: IANAL, but as far as legality is concerned, I think
: you'll need to be able to prove that Birkshire did
: attempt to pump up the price on purpose.
:
: The
: of
|
s**********n
发帖数: 868 | 6 This post is not about arbitrage between A and B. Sorry for the confusion.
Right now BRK.A = 1500 BRK.B.
I don't really know about their voting rights. But BRK.B was just split last
month to facilitate the merger, which acted a big short-term catalyst to
the stock price of both A shares and B shares. The split also qualified BRK.
B for S&P500 listing, which acted as another short-term catalyst.
【在 n******n 的大作中提到】
: 没看懂。怎么一会儿A，一会儿B的？这两个之间有套利交易吗？好像投票权不一样吧。
:
: The
: of
: the
: Feb.
: except
|
b****e
发帖数: 460 | 7 Lookit, you have 3 choices rather than 2 in the Presidential election.
May be, to vary the conversion ratio, split b share and let it sub the seat
of BNI in S&P500 and boost up the share price will ultimately make the deal
a little bit cheaper on berkshire b shares. If that's the case, well done Bu
ffett.
btw, I like the "1 day shy" situation.
The
of
the
Feb.
except
【在 s**********n 的大作中提到】
: Background: Berkshire is offering $100 per share for BNSF shareholders for
: the mega-merger. 40% of the amount will be paid with BRK.A/BRK.B shares. The
: conversion ratio will be determined by the volumn-weighted trading price of
: BRK.A shares within a ten-trading-day period prior to the close day of the
: merger.
: Facts:
: 1. BNSF is holding the shareholder's voting for approving the merger on Feb.
: 11, but we did not know what date exactly the merger will be closed (except
: in first quarter).
: 2. In Jan.
|
n******n
发帖数: 12088 | 8 doubt:
If BRK.A shares is going to decay to its pre-S&P announcement level
gradually until Feb.10, BNSF shareholders will lose about 5% right
after the conversion.
Here u refer to BRK.B by typo?
last
BRK.
【在 s**********n 的大作中提到】
: This post is not about arbitrage between A and B. Sorry for the confusion.
: Right now BRK.A = 1500 BRK.B.
: I don't really know about their voting rights. But BRK.B was just split last
: month to facilitate the merger, which acted a big short-term catalyst to
: the stock price of both A shares and B shares. The split also qualified BRK.
: B for S&P500 listing, which acted as another short-term catalyst.
|
s**********n
发帖数: 868 | 9 The two types of shares are correlated pretty well, so it doesn't matter
which one in the context.
【在 n******n 的大作中提到】
: doubt:
: If BRK.A shares is going to decay to its pre-S&P announcement level
: gradually until Feb.10, BNSF shareholders will lose about 5% right
: after the conversion.
: Here u refer to BRK.B by typo?
:
: last
: BRK.
|
